Tony English | HQ Homes

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · VA	Assumable Loan + Second Assumable · VA	Current Market Conventional New · Conventional
Loan amount	$371,709	$371,709	$710,100
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$338,391	$0
Funding fee	$1,859	$1,859	$0
Note rate	3.02%	3.02%	7.24%
Blended rate	3.02%	5.274%	7.48%
1st payment	$2,005.10	$2,005.10	$4,839.32
2nd payment	$0.00	$2,185.44	$0.00
Taxes / mo	$333.33	$333.33	$333.33
Insurance / mo	$216.67	$216.67	$216.67
MI / mo	$0.00	$0.00	$142.02
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,555.10	$4,740.55	$5,531.34
Cash to close	$417,291	$78,900	$78,900